Cirtek on the hunt for new investors

MANILA, Philippines — Cirtek Holdings Philippines Corp., a listed integrated technology company chaired by Jerry Liu, is seeking new investors as the company recovers from financial setbacks due to a global slowdown in market demand.

Cirtek said that it is actively seeking potential new investors to address liquidity constraints and meet its obligations.

The company said the entry of new investors, if realized, is expected to generate future revenue and improve financial stability.

“The company is also implementing internal measures to optimize cash flow and improve operations and exploring strategic partnerships and funding options to support long-term sustainability,’ Cirtek said.

According to Cirtek, it continues to face challenges due to the global slowdown in market demand, particularly in the first half.

The demand slowdown was further impacted by tariff-related concerns, which led several of the company’s customers to delay purchases and reduce orders across key segments.

Given these conditions, Cirtek said that it has no unappropriated retained earnings available to redeem and pay dividends on its preferred shares, specifically the Preferred B-2 Subseries A Shares, Preferred B-2 Subseries B Shares, Preferred B-2 Subseries C Shares and Preferred B-2 Subseries D Shares.

The company, however, stated that it will review the unrestricted retained earnings available for distribution as cash dividends once its audited financial statements for the year ended Dec. 31, 2025, become available.

While it is unable to provide a definitive timeline for dividend payments and redemption of the preferred shares, the company said that it is taking deliberate steps to recover from the temporary setback.

“Cirtek fully recognizes that these dividends are cumulative. And as the company has previously emphasized, it remains committed to fulfilling its obligations to pay its shareholders in accordance with the terms set out in the said prospectuses once sufficient unappropriated retained earnings become available,” the company said.

“This includes payment of all dividends due on all preferred shares of the company and payment of all arrears of dividends outstanding by reason of the suspension, on future dates to be set by the board of directors,” it said.

Cirtek was listed on the Philippine Stock Exchange on Nov. 18, 2011.

Through its subsidiaries, Cirtek is primarily engaged in two major activities: the manufacture and sale of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, testing, and packaging services, as well as the manufacture of value-added, highly integrated technology products.